Your best business development ideas in Venezuela

Priscilla

Moderator

Member since 30 May 2013

Priscilla

27 October 2016 10:02:54

21614 posts

Priscilla

27 October 2016 10:02:54

#1

21614 posts

Hi everyone,

As a foreign entrepreneur, launching a business in Venezuela is a fantastic project and an exciting challenge. Some ideas are likely to succeed. Some others are promising but may not work as well as intended.

In your opinion, what kind of business or industry is likely to succeed in Venezuela? What kind of industry or service currently unavailable or underdeveloped in the country would meet local needs?

On the other hand, what are the most common business types foreign entrepreneurs would be eager to launch in the country but with very little chance of success?

Thank you for your insights.
Priscilla

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micwal

New member

Member since 13 October 2016

micwal

27 October 2016 10:22:36

3 posts

micwal

27 October 2016 10:22:36

#2

3 posts

Talked with foreign businessman un Vzla. His advice was to stay away. Even if U make money in local currency BsF or VEF u lose money every day coz of worldwide record inflación. 475%! Rate official is 10 but black market 1.350/$!